Author Archives: Individual Trader
First Solar’s Sentiment At Elevated Levels
Even though I remain bullish on the market, buying puts, put spreads or diagonals (which can be spanned out in time) is a good way to profit from temporary declines. At present in First Solar, Inc.(NASDAQ:FSLR), momentum indicators are way overbought, … Continue reading
Caterpillar Still A Risky Short
Caterpillar Inc.(NYSE:CAT) is trading north of $99 a share after reporting a seemingly impressive earnings report. Sentiment in this stock has been fueled by the meaningful earnings beat in the first quarter plus the improved guidance for fiscal 2017. Nevertheless … Continue reading
Diagonal Spread Set-Up In Nike
Sometimes I favor diagonal call spreads over taking hold of stock due to the considerable buying power reduction and return on capital. So basically instead of buying stock, one can buy call spreads where the long call is a good … Continue reading
Crude Oil Approaching A Hard Bottom
Crude oil (NYSE:USO) sold off aggressively today as it lost over 5% to finish at around the $45.50 level. Therefore we have confirmed that a new intermediate cycle has not begun yet as the March lows ( where some analysts … Continue reading
